Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • Created with Sketch. See what's trending. View ProSeries Hot Topics here.
    Created with Sketch. See what's trending. View ProSeries Hot Topics here.
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    Camper rental

    MGC94
    Level 7
    ‎04-15-2021 04:55 PM

    camper rental on schedule E? or schedule c? They rented it out for 6 months. How would one depreciate it? 

    0 Cheers

    This discussion has been locked. No new contributions can be made. You may start a new discussion here

    4 Comments 4
    sjrcpa
    Level 15
    ‎04-15-2021 04:57 PM

    It's not real estate or royalty so not Schedule E.

    The more I know, the more I don't know.
    MGC94
    Level 7
    ‎04-15-2021 05:14 PM

    how would you report it? sch C? 

    0 Cheers
    PATAX
    Level 15
    ‎04-15-2021 05:40 PM

    Conway, you have to ask yourself these questions: are they in the business of renting camper? Have they done this before? Have they done this on a regular basis and a consistent basis? And so forth... I would go on the IRS website and look  for  what qualifies  a business and self-employment  income ... Just my opinion...

    Just-Lisa-Now-
    Level 15
    Level 15
    ‎04-15-2021 05:57 PM

    Rental of personal property generally goes on the Other Income line.


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪






    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2024 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security